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An investor purchased a $9,400 bond with a par value of $10,000 that will mature in 6 months. Which one below is the bond's effective

An investor purchased a $9,400 bond with a par value of $10,000 that will mature in 6 months. Which one below is the bond's effective annual rate?

A. 6.38%

B. 12.77%

C. 13.17%

D. 14.25%

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